Woooh. Hold your horses. STX are looking at developing their resources. As to whether Gina or someone else will have input on the proposed SE plant site( or another site) and size remains to be seen, but STX needs to move forward under its own steam and own cash resources until/ if anything else happens. They are simply doing things to their timetable, not Gina’s or anybody else’s. We are working with Gina and we have had JV meetings already and agreed on drill sites and timing. Do you know anything different? I have not said that a deal is already in motion but, like most observers, believe something is more likely than not going to happen. What I did say in my response to your previous post is that STX should simply stick to adding significant value to its bottom line asap in case we are subject to a takeover. I also said that we should not be some easy patsy to any of the other players in the Perth basin but that our BOD should be striving for maximum value. As to MIN and what they plan to do is simply out of our control. Bottom line is that a suitor will be striving for the cheapest deal that they can get and our plan forward should be to best negate this by adding to our resource base.
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